IE 11 is not supported. For an optimal experience visit our site on another browser.

NetSpend Prices Initial Public Offering

/ Source: GlobeNewswire

AUSTIN, Texas, Oct. 18, 2010 (GLOBE NEWSWIRE) -- NetSpend Holdings, Inc. today announced that it has priced its initial public offering of 18,536,043 shares of common stock, at $11.00 per share. Of the shares being offered, 2,272,727 shares are being sold by the company and 16,263,316 shares are being sold by certain stockholders.  NetSpend's shares will begin trading tomorrow, October 19, 2010, on The NASDAQ Stock Market LLC under the ticker symbol "NTSP".  The underwriters have a 30-day option to purchase up to an additional 2,780,406 shares from the selling stockholders.

Goldman, Sachs & Co. and BofA Merrill Lynch are acting as book-running managers, William Blair & Company is acting as lead manager, and SunTrust Robinson Humphrey, Wells Fargo Securities, Duncan-Williams, Inc., and Knight/Houlihan Lokey are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from the prospectus department of Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department, (866) 471-2526 (toll-free), (212) 902-9316 (fax) or BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email dg.prospectus_requests@baml.com.

This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The NetSpend Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8154

CONTACT: NetSpend Corporation Media Contact: Brad Russell, Communications Manager 512-539-5932 (office) 512-743-4507 (cell) brussell@netspend.com